How to Save for College | Comparing Education Savings Plans

College costs are a challenge for parents and students alike. In this video, Senior Financial Planner Brian Sauter, CFP® of Pure Financial Advisors walks through ways to pay for college, including education savings plans that offer tax incentives and those that don't, along with the rules, pros, and cons of each plan.

College savings plans with tax incentives:
529 College Savings Plan
Coverdell Education Savings Account (ESA)
Pre-Paid Tuition Plans
Savings Bonds

College savings plans with no tax incentives:
Uniform Gifts to Minors Act (UGMA)
Uniform Transfer to Minors Act (UTMA)

Other potential sources of education funds:
Traditional IRAs or Roth IRAs
Standard taxable investment accounts

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

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